Bi-Lo Stores Seen Under Pressure

GREENVILLE, S.C. Bi-Lo's same-store sales and its profitability have been negatively impacted by competition recently, according to one analyst. Increased promotional activity and new competitive openings have resulted in weaker than anticipated operating performance in the third quarter of 2006, said Stella Kapur, an analyst at Standard & Poor's who issues public ratings on Bi-Lo's debt, even though

GREENVILLE, S.C. — Bi-Lo's same-store sales and its profitability have been “negatively impacted” by competition recently, according to one analyst.

Increased promotional activity and new competitive openings have resulted in “weaker than anticipated operating performance” in the third quarter of 2006, said Stella Kapur, an analyst at Standard & Poor's who issues public ratings on Bi-Lo's debt, even though the chain is privately owned. It operates 308 Bi-Lo and Bruno's stores in s

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